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Voice Stream Wireless Corp

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BUSINESS
February 14, 2001 | JEREMY PELOFSKY, REUTERS
U.S. regulators have zeroed in on the German government's ties to Deutsche Telekom as they review the proposed acquisitions of VoiceStream Wireless Corp. and Powertel Inc., a letter sent to the companies revealed Tuesday. The Federal Communications Commission sent the three companies a list of 23 questions Feb. 2 probing, among other things, what influence the German government has on Deutsche Telekom's business strategy and how members of its boards are appointed. Also, the U.S.
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BUSINESS
February 14, 2001 | JEREMY PELOFSKY, REUTERS
U.S. regulators have zeroed in on the German government's ties to Deutsche Telekom as they review the proposed acquisitions of VoiceStream Wireless Corp. and Powertel Inc., a letter sent to the companies revealed Tuesday. The Federal Communications Commission sent the three companies a list of 23 questions Feb. 2 probing, among other things, what influence the German government has on Deutsche Telekom's business strategy and how members of its boards are appointed. Also, the U.S.
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BUSINESS
September 27, 2000
Senate Majority Leader Trent Lott (R-Miss.) urged lawmakers to drop efforts to prevent regulators from considering Deutsche Telekom's bid to buy VoiceStream Wireless Corp. after the German government pledged to eliminate its direct interest, currently 43.2%, in Deutsche Telekom.
BUSINESS
March 6, 2002 | Bloomberg News
Deutsche Telekom, Europe's biggest phone company, had a fourth-quarter loss of $2.17 billion on costs tied to the purchase of VoiceStream Wireless Corp. and new mobile-phone licenses. The loss was little changed from a year earlier. Excluding one-time items, the loss almost doubled to $1.65 billion. With debt at $54.1billion, interest payments and goodwill costs related to the purchases will remain a drag on earnings, investors said.
BUSINESS
September 13, 2002 | Bloomberg News
SBC Communications Inc. received an offer of about $1 billion for its Sterling Commerce software unit, which SBC bought 2 1/2 years ago for almost four times as much, according to people familiar with the matter. The bid from buyout firms Silver Lake Partners and Texas Pacific Group faces competition from another offer from Francisco Partners of Menlo Park, Calif., the people said.
BUSINESS
June 14, 2000 | Bloomberg News
Xircom Inc., which makes circuitry that connects laptop computers to networks and cell phones, agreed to buy Omnipoint Technologies Inc. from VoiceStream Wireless Corp. for $52.2 million. Thousand Oaks-based Xircom will give VoiceStream 1.2 million shares in exchange for full ownership of Omnipoint. The purchase, valued on Xircom's closing price Monday, is expected to close within three weeks. Omnipoint makes circuit cards for communications uses that are installed in computers.
BUSINESS
December 8, 1999 | (Bloomberg News)
Israeli scientists claim to have cracked the code protecting certain digital cellular phone calls, enabling corporate spies and other eavesdroppers to listen in on conversations. Researchers Adi Shamir and Alex Biryukov of the Weizmann Institute near Tel Aviv will publish a paper soon detailing how they broke the code, Shamir said. Their code-breaking program works on calls made using the world's most popular cell-phone standard, global system for mobile communications, or GSM.
BUSINESS
August 9, 2000
Other earnings, excluding one-time gains or charges unless noted, include: * Abercrombie & Fitch Co. said fiscal second-quarter profit rose 12% to $21.2 million, or 21 cents a share, 2 cents better than forecasts, as sales jumped 16% to $231.5 million. The retailer cautioned that same-store sales will be weak in the third quarter because of tough comparisons against the year-ago period. Earnings were reported after the markets closed. * VoiceStream Wireless Corp.
BUSINESS
May 30, 2000 | Bloomberg News
NTT DoCoMo Inc., Japan's largest mobile-telephone company, is in final talks to buy a 15% to 20% stake in U.S. cellular-phone company VoiceStream Wireless Corp. for as much as $4.68 billion, the Nihon Keizai newspaper reported. The unit of Nippon Telegraph & Telephone Corp. and VoiceStream plan to integrate their services to offer handsets with Internet capabilities to customers in the U.S. and Japan.
BUSINESS
May 9, 2000 | Bloomberg News
Loral Space & Communications Ltd.'s first-quarter loss widened to $123 million, or 49 cents a share, from $38.5 million, or 17 cents, a year ago, on increased start-up costs for the Globalstar Telecommunications Ltd. network. The loss far exceeded forecasts of 36 cents. Revenue rose 4% to $318.1 million. Loral owns a 40% stake in Globalstar, the only satellite-telephone company that hasn't filed for bankruptcy protection or shut down. At Globalstar, losses widened to $91.
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